There is no denying that solar energy is an industry that has exploded in recent years. More individuals and businesses realize the benefits of moving to sustainable energy sources. Considering we all have access to the sun, solar energy leads the way when it comes to renewable energy.
Despite those facts, there are many critics of the solar industry. They believe that the “bubble” will burst in the sector soon. However, the evidence points to the contrary!
The decline of fossil fuel
A big downside to using coal and other fossil fuels for power generation in pollution. Coal power plants emit high levels of pollution, and it’s something the world wants to stop. World leaders are encouraging the use of sustainable energy, one example being solar power.
Drop in market value
Companies that deal with fossil fuels have noticed their fortunes drop. That’s because the world is shifting towards greener sources of electricity. As a result, more firms in fossil fuel industries are going bust these days.
Rising electricity costs
Buying power from “the grid” is increasing each year without fail. Because of that, more people find their budgets stretched even further. Solar energy enables homeowners to keep their power costs down to more manageable levels.
Cheaper solar system installations
Over the past five years, the cost of getting solar panel installations has dropped. It’s now possible for most homeowners to take advantage of the lower prices. Take a look at the infographic below for more details of the solar industry:
Infographic Designed By Semper Solaris